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A&E Real Estate pays $220m for Manhattan residential development
Transactions - DECEMBER 10, 2018

A&E Real Estate pays $220m for Manhattan residential development

by Andrea Zander

A&E Real Estate Holdings has paid $220 million for the Glenn Gardens apartments, located in Manhattan’s Upper West Side, according to Commercial Observer.

The seller was a Sherwood Guernsey-led partnership. This is the first time ownership of the property has changed since 1974, when Glenn Gardens was built.

The two-building, 266-unit residential complex is located at 175 West 87th Street.

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